The school of thought that was born during the Great Depression of the 1930s, which said the level of aggregate demand determined the level of output, was led by
A) Milton Friedman.
B) John Maynard Keynes.
C) John Kenneth Galbraith.
D) Paul Samuelson.
Correct Answer:
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Q2: The problem, according to Keynes, was that
A)aggregate
Q3: The buildup of the economy associated with
Q4: A condition of concurrent high unemployment and
Q5: A recession is typically characterized by
A)increases in
Q6: Which of the following have played major
Q7: Growth of aggregate supply over time is
Q8: What determines the growth of capital, labor,
Q9: Which of the following affects the willingness
Q10: An unstable economic environment
A)can be characterized by
Q11: Why are economists concerned with unemployment as
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